The AZEK Company Inc. (NYSE:AZEK) Given Average Rating of “Hold” by Brokerages

The AZEK Company Inc. (NYSE:AZEK) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $54.32.

AZEK has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $53.00 price objective (down from $58.00) on shares of AZEK in a report on Monday. Wolfe Research restated a “peer perform” rating on shares of AZEK in a research report on Wednesday. Baird R W cut AZEK from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $51.50 target price (down previously from $61.00) on shares of AZEK in a research report on Tuesday.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now owns 868,765 shares in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 55,000 shares of company stock worth $2,518,624 in the last ninety days. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AZEK

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of AZEK by 39.1% during the fourth quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock worth $40,000 after purchasing an additional 239 shares in the last quarter. Truist Financial Corp raised its stake in AZEK by 1.6% in the fourth quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock valued at $793,000 after buying an additional 255 shares in the last quarter. Investment House LLC lifted its holdings in AZEK by 0.7% during the 4th quarter. Investment House LLC now owns 39,255 shares of the company’s stock worth $1,863,000 after buying an additional 290 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of AZEK by 4.8% during the 4th quarter. Federated Hermes Inc. now owns 6,984 shares of the company’s stock worth $332,000 after acquiring an additional 318 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of AZEK by 13.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $146,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

AZEK Stock Up 1.9 %

Shares of AZEK opened at $49.77 on Friday. The stock has a fifty day simple moving average of $47.41 and a two-hundred day simple moving average of $47.31. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7.15 billion, a PE ratio of 50.27, a price-to-earnings-growth ratio of 1.91 and a beta of 1.95. AZEK has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. As a group, equities analysts forecast that AZEK will post 1.34 EPS for the current year.

About AZEK

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.